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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 3 July 2016 - onwards
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Regulation 26 Powers of Bank

(1) The Bank shall have all the powers necessary for the performance of its functions under the Market Abuse Regulation and these Regulations.

(2) The powers provided for in this Part in respect of the Bank shall not be exercised in a manner or for a purpose inconsistent with the Bank’s obligations pursuant to the Market Abuse Regulation or these Regulations.

(3) Without limitation to the generality of paragraph (1), the Bank shall, in particular, have the powers set out in this Part.

(4) The powers provided for in this Part in respect of the Bank shall be without prejudice to any requirements imposed by the European Communities (Takeover Bids (Directive 2004/25/EC)) Regulations 2006 (S.I. No. 255 of 2006).

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